Intesa Sanpaolo SpA (ISP.MI)
17 Jan 2017
MOSCOW Russian state-owned bank VTB lent over $11 billion to Qatar and commodities trader Glencore four days after they signed a deal to buy a stake in Russian state oil firm Rosneft for the same amount of money, according to company records seen by Reuters.
* Putin earlier forbade state lenders financing such deals (Changes attribution, edits, adds Glencore comment)
LONDON, Jan 6 (IFR) - Intesa Sanpaolo and Santander seized on thriving issuance conditions to sell Southern Europe's first broadly syndicated subordinated bonds since May 2016, signalling a change in fortunes for the region's lenders.
MILAN Italy's Intesa Sanpaolo said it would provide a loan for up to 5.2 billion euros ($5.4 billion) to help commodities trader Glencore and Qatar's sovereign wealth fund buy a 19.5 percent stake in Russian oil company Rosneft .
MILAN Intesa Sanpaolo has included Apollo Global Management , Cerberus and Christofferson Robb & Company in a short list of bidders for a 2.5 billion euro ($2.61 billion) bad loan portfolio it aims to sell, two sources close to the matter said.
LONDON Investment banking deal volumes in Russia rose almost 50 percent in 2016, with domestic advisors leading the charge, but continued sanctions and the economic contraction mean the industry remained a shadow of its former self.
NEW YORK Intesa Sanpaolo SpA , Italy's biggest retail bank, will pay $235 million to New York's financial regulator for anti-money laundering failures and violations of bank secrecy laws.
MOSCOW Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft , Rosneft said.
MOSCOW Italy's Intesa and a syndicate of banks are to provide Qatar and commodities trader Glencore with 7 billion euros of financing to buy a 19.5 percent stake in Rosneft , a Rosneft source said on Sunday.
* Shareholder CariFirenze foundation sees its 2 percent stake in the bank as strategic, the foundation's director general Gabriele Gori told journalists at a meeting in Florence